Demand for money: Total transactions as the scale variable

被引：7
|
作者：
Howells, P [1 ]
Hussein, K [1 ]
机构：
[1] UNIV KENT,KEYNES COLL,DEPT ECON,CANTERBURY CT2 7NP,KENT,ENGLAND
来源：
ECONOMICS LETTERS | 1997年 / 55卷 / 03期
关键词：
money demand; total transactions;
D O I：
10.1016/S0165-1765(97)00071-2
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We examine the impact of a direct measure of total transactions in the UK economy on the demand for money by estimating three models (two with proxies for transactions) using the dynamics OLS cointegration technique. The total transactions measure outperforms both proxies. (C) 1997 Elsevier Science S.A.
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页码：371 / 377
页数：7
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